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2019-03-11

Global Gaming 555 AB: Redeye: Global Gaming 555 - Dim outlook

Global Gaming's revenues in Q4'18 came in below our expectations. The
revenue for the Ninja Casino brand had a negative Q/Q growth for the
first time since the start, despite unprecedented marketing spend and
the support of a seasonally strong quarter. The main reason for the
revenue drop were issues with the migration to the new platform.
Consequently, the outlook for 2019 becomes even more uncertain. We
have updated our estimates, which results in a new fair value of SEK
25 per share in Base case.
(https://www.redeye.se/articles/download-file/a03dc4a0-6aa6-3dc2-8531-33e...)

Read more and download the research update: http://bit.ly/2F2PWSs

Start following companies at Redeye to receive the latest equity
research within Life Science and Technology.

This is a press release from Redeye - Research Powered Investment
Banking. https://www.redeye.se/about/

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https://news.cision.com/se/global-gaming-555-ab/r/redeye-global-gaming-5...

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